PAD's growth strategy combines organic growth with a disciplined buy-and-build approach focused on acquiring established aerospace and defense businesses with proven operating performance, long-standing customer relationships and differentiated capabilities. The Company targets acquisitions that complement its existing platform of engineering, precision manufacturing, and testing capabilities, with the objective of driving value creation through strategic alignment and operational synergies. If the acquisition is consummated, PAD expects Target to bolster its financial performance, bringing an additional estimated $12.0 million and $3.8 million of projected revenue and EBITDA, respectively, for the calendar year ended December 31, 2026.

"Today's announcement underscores our ability to execute on the M&A pipeline we have previously outlined alongside our organic and synergistic growth path," said Brent Borden, CEO of PAD. "This represents the first of two planned 2026 strategic acquisitions intended to meaningfully expand PAD's service offerings and addressable markets. We expect that Target's established business of integrated communications, surveillance and security solutions, combined with PAD's existing platform of engineering, manufacturing, and sustainment services will broaden our ability to support critical defense and government agency programs. We believe that this acquisition, if consummated, will deliver significant value for our customers through expanded capabilities, increased capacity, and a strengthened foundation for continuous innovation across the PAD platform."  

Business Update Call

PAD will host a business update call on Wednesday, June 10, 2026 at 4:15 p.m. ET to provide an update on the business and outlook for the full year 2026.

To access the live call, please use the following dial-in information: 1-877-451-6152  or 1-201-389-0879.
A live webcast of the call will be available on PAD's website under "Investors". A replay of the webcast will be made available following the conclusion of the event.